Business Budgeting

Paper Code: 
FSG 317
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
8.00
Unit I: 
Business Budget and Budgeting

Terminology of Budgets and its procedure, Budgetary control, Meaning, features, process.

9.00
Unit II: 
Types of Budget

Fixed and flexible budget, Meaning, Importance, Features and Difference between fixed and flexible budget.

10.00
Unit III: 
Functional Budgets:

Sales Budgets, Production Budget, Production Cost Budget, Master Budget and Cash Budget.

9.00
Unit IV: 
Analysis of Budget variances

Material, Labour & Sale variances

8.00
Unit V: 
Zero Base Budgeting & Performance Budgeting

Zero Base Budgeting: Origin, Concept, Advantages & Limitations

Performance Budgeting: Meaning, Features, Importance & limitations

Essential Readings: 

• M.R. Agarwal, “ Business Budgeting” Garima Publications, Jaipur
• Agarwal, Vijay, Surolia, “Business Budgeting” Ramesh Book Depot” New Delhi- Jaipur
• S.N Maheshwari, “ Management Accounting and Control” Sultan Chand and Sons, New Delhi

References: 

• M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
• Jawahar Lal, “ Accounting for Management” Himalaya publishing house, New Delhi.
• Owswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

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